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Three-Lot Urban Development Site
For Sale
$2,434,000
Pending

120 NE 23rd Street, Miami, FL 33137

T6-8-O zoning supports residential, commercial, or mixed-use development.

Property SizeContact for details
Days on Market56

Property Features for 120 NE 23rd Street

General Information

Standard status Pending
Property subtype Land
Zoning T6-8-O

Taxes and HOA fees

Annual Taxes $25,527
Listing Agency: Great Properties International LLC
Listed By: Fernando A Echeverri · License #3045300
Source: Laerrealty
Added: Jul 6 Changed: Aug 29 Last Checked: Aug 29 at 3:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Great Properties International LLC

Investment Insights

Based on property information with market context.

This commercial land offering combines three adjacent lots totaling 0.51 acres at 120 NE 23rd Street in Miami’s Edgewater neighborhood. The property carries T6-8-O zoning, which permits residential, commercial, or mixed-use development up to eight stories.

The site is positioned just minutes from Downtown Miami, Wynwood, and the Design District, with access to major employment centers, residential development, retail, and dining destinations. The property is also within a designated Opportunity Zone.

Key Highlights

  • Three adjacent lots totaling 0.51 acres
  • T6‑8‑O zoning permits residential, commercial, or mixed‑use development
  • Development potential up to eight stories

Property Analytics

Current Use

The Caesar's Place Hostel

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Butcher Buffet Mobile Phone Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,749
Businesses Nearby

Demographics for 33137, FL

25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - T6-8-O zoning supports residential, commercial, or mixed-use development.
Where is this commercial land located?
The property is located at 120 NE 23rd Street Miami, FL.
What is the asking price?
The asking price for this property is $2,434,000.
What are key features of this property?
This property features: Three adjacent lots totaling 0.51 acres; T6‑8‑O zoning permits residential, commercial, or mixed‑use development; Development potential up to eight stories
More about this property
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